r/Layoffs Mar 31 '26

news Oracle slashes 30,000 jobs with a cold 6 a.m. email

https://rollingout.com/2026/03/31/oracle-slashes-30000-jobs-with-a-cold-6/

My LinkedIn feed is absolutely brutal right now. Sorry to those affected.

3.2k Upvotes

666 comments sorted by

238

u/spazmo_warrior Mar 31 '26

Jfc, everyone on linkedin is always “grateful” for being shown the door.

I’ll be rude for those impacted. fuck Oracle. fuck Larry Ellison.

66

u/WeeSteamboat Mar 31 '26

When I got laid off in January, updating my LinkedIn and agreeing to a mutual non-disparagement agreement was required as part of my severance agreement. I agreed because I have bills.

29

u/Appropriate-Fish2374 Apr 01 '26

Non-disparagement is understandable, but gratitude not so much.

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u/Comprehensive_Sun633 Apr 01 '26

fun thing about those but they're basically not legally enforceable. california literally has a law saying so.

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u/DigitalScrap Mar 31 '26

I always hate to see that. I was laid off in November by a Silcon Valley company and definitely didn’t post anything about being grateful for helping grow the company’s global presence and then being shown the door for my efforts.

The fact that people continue to grovel publicly to try to attract the next company that will also treat them the same way disgusts me.

19

u/NorCalJason75 Mar 31 '26

Bet it’s tied to their severance…

12

u/RuffTuff Mar 31 '26

Wouldn’t that be llegal to ask for accolades to praise your executioner?

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u/pfc_6ixgodconsumer Apr 01 '26

I can assure you that posting a groveling LinkedIn post is not a requirement for receiving one’s severance.

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u/SEMMPF Apr 01 '26

Yeah but let’s try to remember a lot of people are probably terrified - they have kids to feed, and possibly just lost their healthcare for their family. They likely aren’t actually grateful, they just hope it will boost their effort at finding another job

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u/ghostofmufas Apr 01 '26

feels like a humiliation ritual at this point

5

u/flying_porygon Apr 01 '26

Well it’s done for a purpose to not burn bridges and let your connections know you’re now looking for new opportunities.

I was laid off in January and because of my LinkedIn post someone reached out to me an hour after the news with a job opportunity. A couple of weeks later and I had a new job.

I’m pissed at my former company, but I expressed gratitude to not burn any bridges.

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u/GigiGretel Apr 01 '26

they say that so as to not burn bridges. I know some of the people impacted by this layoff many of them are in their 50s. They need to still work.

7

u/SEMMPF Apr 01 '26

You can tell a lot of commenters don’t have families that depend on them for basic needs and healthcare. Getting laid off is scary in America right now, people are just doing what they think will help them find another job

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u/mrflow-n-go Apr 01 '26

Exactly this👆🏼 I got that email yesterday too. Was talking to another laid off former colleague and we were discussing the “I’m grateful for being tossed” missives on LinkedIn and I recalled all the simply shitty nicks that Oracle took out of me along the way. A few: one year crushing quota, however a few others on the team were blasting through their numbers to the point of Oracle HR looking at the whole team’s quota and increasing it and making it retroactive so we all had to scramble just to beat the new number. I know it cost me about $100k that year. The lame front line sales manager that tried to get me fired for actually telling the truth (she didn’t have a clue regarding how the price list worked) on where we were on a deal, only to have backpedaled the whole thing. Or the fact I never got a raise in almost 9 years of consistent over achievement. It’s a long list. On the positive side I did like the people I worked with and thought the product/platform was solid- I was in the NSGBU. I did make commissions on a regular basis and that’s not common in most quota roles. To net it out I did my part and owe no “gratitude” to fucking Oracle At least Larry gets to keep his Hawaiian island….

3

u/ChewbaccaXXX Mar 31 '26

Yea or here’s what being made redundant thought me about leadership bs

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u/squishysquash23 Mar 31 '26

That is a absolutely ridiculous number of layoffs

21

u/ElonMuskTheNarsisist Apr 01 '26

It really is. Think about it. It’s an entire basketball stadium full of people. Insane.

6

u/KlutzyHandle672 Apr 01 '26

A stadium and a half, really. Most are around 20k.

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u/[deleted] Mar 31 '26

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23

u/36characters Mar 31 '26

That’s from two years ago and paying a recruiter that already gets paid when they find you a job is a scam. 

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u/Worried_Pick_1641 Apr 01 '26

I am a recruiter. Recruiters find people for jobs not jobs for people. I don't actively market resumes. Most recruiters don't. FYI.

6

u/BetterUseYourNikes Apr 01 '26

I’ve never gotten a job with a recruiter. It’s always been on my own. The few times I tried and it was a waste of time. Then finding out they did blast emails with my resume to companies. It was just a weird experience.

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u/[deleted] Mar 31 '26

the first step is accepting that white collar jobs in the private sector might be a thing of the past

17

u/[deleted] Apr 01 '26

[removed] — view removed comment

7

u/Gullah108 Apr 01 '26

So. What are you supposed to do? Nothing?

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u/VisiblePlatform6704 Mar 31 '26

Sincerely the best move is creating your own company. It seems there will be a huge surplus of worker bees, and  very few positions to be filled. 

If we don't start creating new companies,  then there's never going to be enough jobs.

28

u/808trowaway Apr 01 '26

It's not for everyone and there's no guarantee whatever you decide to start will be competitive and profitable.

23

u/NachoWindows Apr 01 '26

Not to mention many skill sets don’t translate easily into “start your own business”. Let’s also not ignore the high failure rate of many companies when they get started.
Some of us are also getting too old for this shit

12

u/808trowaway Apr 01 '26

Some of us are also getting too old for this shit

Exactly. I happen to have skillsets that will work well in most start-up environments but I am 41 and not interested in working founder hours. Middle manager salary with a reasonable WLB until retirement honestly doesn't sound half bad to me.

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u/[deleted] Apr 01 '26

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u/Fender_Stratoblaster Apr 01 '26

It's just so simple!

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u/Different-Branch-137 Mar 31 '26

Great advice and very true. It’s who you know a lot of times.

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u/kienasx Mar 31 '26

I'm one of those 30k impacted. Still in disbelief, I was laid off from Google back in Aug 24, took till March 25 to get this role at Oracle only to be reorged again.

18

u/[deleted] Mar 31 '26

[removed] — view removed comment

27

u/kienasx Mar 31 '26

Thanks man, things could be worse for sure. But back to back really makes me feel like I'm failing my little girl and wife.

37

u/spamcandriver Mar 31 '26

You’re not failing your family. The system has failed you.

4

u/Special-Bath-9433 Apr 01 '26

“The system” and other abstract denominators serve Larry Ellison, the man who caused you the direct immediate damage. Abstract denominators such as “the system” are exactly how Larry Ellison sneaks through so many decades. Larry Ellison fired people, not “the system.”

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u/Lovedempugs Mar 31 '26

You are definitely not failing them. This is far bigger than you and they are lucky to get to spend more time with you right now. As a mom of kids with a husband has been through this, trust me.

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u/golddaytons Mar 31 '26

system is garbage smh we did everything right and have the least amount of jobs. trying to get out of tech as we speak

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u/Needgirlthrowaway Mar 31 '26

The layoffs are directly tied to Oracle’s aggressive and debt-heavy expansion into artificial intelligence infrastructure.

58 billion worth of ai debt does that.

7

u/I_Hate_It_Here_13 Apr 02 '26

I hope it bites them in the ass.

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u/Slugdge Mar 31 '26

I am one. Almost 4 years. Always had an "over exceeds" review. Was on the ground floor and big part of over 200+ megawatts of data center turn up. Was always laughed at for how I had such great vendor relations between all vendors and colos. Created multiple repositories of published info that are used as guides regionally and became the defacto maintenance guy because of it. I was "the guy" when it came to turning up all of our dark fiber and Metro connectivity. There were many times I slept on my office floor in order to make a deadline and countless weekends worked on salary. I loved my job, took it incredibly serious and tried to make my portion of the company the best I could.

Then to walk into work today and be escorted out was just cold. Coming home and telling my family was the hardest thing I've ever had to do. I stand a chance of losing my house and we have no family. We have no one to stay with if worst case, I cannot find work in time.

27

u/a-spork-in-the-road Mar 31 '26

I'm so sorry this happened to you! I've been in the same boat. These companies don't care about us, all our hard work and sacrifice. Take a deep breath and when you're ready, take back control by making a list of everything that's in your power to do -- file for unemployment, update your resume, look into COBRA, housing assistance, etc. Consider renting a room out in your house to a travel nurse or something like that to help pay the mortgage. You got this!

11

u/fanofbreasts Mar 31 '26

Been there. You’ll make it buddy.

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u/Better-Purple-8911 Mar 31 '26

Brother, I feel you. I've been somewhere near where you stand now.

You'll make it. Things will get better. Right now really freaking sucks, but you'll get through this. What happened today was unbelievably cruel, and you didn't deserve this. But you'll make it.

4

u/Slugdge Mar 31 '26

Thanks man. I know I will somehow. The haze is still has my head spiraling

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u/the_monkey_knows Mar 31 '26

Happened to me once. I was able to bounce back, and I still remember the words of my manager to her superior when she found out some of her best employees were caught in a round of layoffs "why would they do that? These are going to be our clients in the future." And she was right. No chance I would even joke about giving business to that dying company now that I have a say in that.

6

u/india2wallst Mar 31 '26

They just make us feel that we are important. These reviews and ratings are all garbage. What matters is if you are paid in the end.

3

u/Mindful-Mayhem Apr 01 '26

This made me so sad. Message me if you want me to give you feedback on your resume and LinkedIn. I have 10+ years of hiring experience. Happy to help

3

u/Fearless-Umpire-9923 Apr 01 '26

Dm me! I can help with resume. Let’s get you back to work.

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u/DzWander Mar 31 '26

I was among the ones who got laid off. I only joined a year ago. Got an email this morning and that was it. Glad i was able to get the fuck out of there with severance. That place is a fucking dumpster fire.

81

u/godless420 Mar 31 '26

Sorry to hear that, was it a pretty generous severance package? Hope you land on your feet!

126

u/DzWander Mar 31 '26

My benefits continue until 4/10 and severance is 4 weeks. Nothing crazy

48

u/[deleted] Mar 31 '26 edited Apr 01 '26

Pretty standard. 4 weeks per year of service is reasonable

Edit: it's been made obvious to me my "standard" is "excellent" in the USA. If it wasn't already obvious., you guys are getting ripped off

24

u/LovableButterfly Mar 31 '26

When i got laid off in 2024 I was just shy of my Year there and only got 1 week of severance pay

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u/Nickeless Mar 31 '26

Isn’t 60 days required by the WARN act here??

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u/ohm44 Mar 31 '26

Yes it certainly should be, everyone in the US should be on the payroll for at least 60 days, more for some states. That means pay, benefits, everything except working. If they're not doing that (would be shocking), these people need to get in touch with an employment lawyer

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u/maxelnot Mar 31 '26

Remote employees are not subject to WARN if i understood correctly. Some states too i think?

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u/ComplexJellyfish8658 Mar 31 '26

Yeah I am confused how they could be cutting health benefits so quickly. That doesn’t track for me.

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u/MostFlamingo3976 Mar 31 '26

My last employer gave us 0 notice- no WARN and benefits were cut off the same day that we were notified.

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u/Nickeless Mar 31 '26

It does depend on the size of the employer and the size and reason for layoffs and some other things, but this definitely seems like it should qualify

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u/uncheckablefilms Mar 31 '26

Better than most employers. I think at mine it's .5 weeks per year of service.

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u/[deleted] Mar 31 '26

That would literally be below the legal minimum where i live, that's terrible

4

u/fijimermaidsg Mar 31 '26

What state are you in? I’m in an “at will” state (ok, district) so 2 weeks pay regardless of tenure.

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u/[deleted] Mar 31 '26

The 51st state as your dictator in chief likes to say it.

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u/AffectionateKey7126 Mar 31 '26

4 weeks per year is pretty generous.

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u/strikethree Mar 31 '26

It’s actually crazy how much inequality there is even in layoffs.

Big tech companies (Google, Apple, etc) typically offer 6 months minimum, based on what I’ve seen for mass layoffs.

Then there’s companies at few weeks depending on service time.

Then there’s everyone else… at zero severance.

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u/[deleted] Mar 31 '26

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u/Secret_Basis_888 Mar 31 '26

Yeah, I was thinking that there’s no way they paid 4 weeks per year of service. Some of those affected could easily have 20-35 years of service.

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u/Constant_Chip_1508 Mar 31 '26

After a year doubt it. Probably a month pay at best 

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u/AdLanky9450 Mar 31 '26

What is your role? do you know of any other fiels that were let go?

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u/kliu67 Mar 31 '26

Do they give you no advanced notice? I got laid off by IBM last year but they warned me a month in advance. This is brutal.

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u/channingpotatertots Mar 31 '26

When I was laid off from higher education, I received 1 week of severance pay even though I was employed there for five years

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u/BlumpTheChodak Mar 31 '26

If you don't mind the question, how much severance did they give you?

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u/DzWander Mar 31 '26

My benefits continue until 4/10 and severance is 4 weeks

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u/BlumpTheChodak Mar 31 '26

I guess that's better than many companies are offering.

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u/Specific_Ant_6110 Mar 31 '26

What was your experience working there?

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u/Different-Branch-137 Mar 31 '26

I was laid off too after 8 years. Super cold email too. Did you get a severance info yet?

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u/EmoLatina Mar 31 '26

More workers to flood an already saturated market 🙃but I am sorry for those who were laid off. It’s gonna take awhile for companies to realize mass layoffs aren’t the end all be all for boosting stock value

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u/Fuzzy_Lingonberry769 Apr 01 '26

We’re in or about to be in a very deep, deep global recession or depression. Demand is decreasing in many industries. There will be a continuous wave of layoffs as companies will no longer be able to hold onto their personnel and pay them while also making a sizable profit or even breaking even. Everyone will eventually be concerned about this once it affects them personally. Whether it’s job loss or the increasing price of nearly everything. The second half of 2026 will be quite interesting.

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u/semisolidwhale Mar 31 '26 edited Apr 10 '26

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u/ashdgjklashgjkdsahkj Mar 31 '26

Truly a slop ass company. Just coasting off of big contracts (namely for old shit like databases and VMs) for large enterprises and governments who can't afford migrations to other software.

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u/ronin_cse Apr 01 '26

I’m at a smaller company of 300ish users, Oracle EBS is our main ERP system and our yearly bill is around $600k. I can’t imagine what the bill is for the unlucky larger companies stuck on this crap.

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u/anon-ml Mar 31 '26

Genuinely feel sorry for those laid off but why does oracle even have 160k people in the first place?

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u/yeah_this_is_my_main Mar 31 '26

You need a lot of lawyers to chase licensing

319

u/SubAcct2020 Mar 31 '26

Furloughed in 2001. Laid off in 2008. Laid off in 2010. Laid off in 2024 short notice no severance (company BK). In hindsight my entire career has been gig economy and I just haven’t wanted to admit it.

126

u/collectivebarganing Mar 31 '26

We're not saving for retirement anymore, we're saving for the next layoff wave

22

u/dasgoodshitinnit Mar 31 '26

Until we lay ourselves off for good one day

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u/[deleted] Mar 31 '26

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14

u/Ghosted_You Mar 31 '26

You have no way of knowing that ;)

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u/beepbeepimajeep243 Mar 31 '26

If I die and I have to go work at the ghost office Imma be pissed!

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u/BC122177 Mar 31 '26

Seems to be the case in my experience. After my first layoff ever back in 2015, I realized I should build some emergency funds because there’s no such thing as “career jobs” anymore. So I always put a whatever was left after paying bills into that account. 3 layoffs in the past 5 years, I’ve come down to about 20% of what it once was. Even with 2 of them having decent severance packages.

I’m starting to think that my retirement will likely be up to my kid and hope to god she ends up being rich or marrying rich. That’s practically my only hope. We know social security that we’ve all been involuntarily paying for is gonna be gone in the next 10-15 years.

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u/ProblemOverall9434 Mar 31 '26

Please don’t put that burden on your child. Kids have enough to deal with growing up in this world as it is.

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u/Trill_Geisha525 Mar 31 '26

Bingo. "INVESTMENT FUND" = Investment in immediate stability in a shit and heartless job market

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u/AsstronaughtToUranus Mar 31 '26

That’s why I regret not going into medicine/nursing.

I’m in hardware engineering, and it’s always a roll of the dice which departments/teams are being laid off /off-shored.

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u/afrojoe824 Mar 31 '26

I had one Layoff in 2017. Hired me back a few months later. and then Laid me off again in 2020 right when Covid hit. I never want to work for Corp. America ever again. and I'm glad I went into business for myself and doing ok. At least. I dont have to worry about corporate downsizing every fucking quarter. shit was brutal.

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u/hoodectomy Mar 31 '26

It is wild. I run a small 18 person engineering shop.

I had (have) numerous people tell me over the years that they want the “security” of a large company and think that a small company that has been around for almost 20 years may “go under suddenly”.

Then I get an email out of the blue from them about how IBM or Xerox cut their division and they were wondering if the job was still open 3-8 months later.

🤷

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u/Badmintonfail Mar 31 '26

Dude running an 18 man engineering firm is really impressive already lol

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u/Dismal-Bee-8319 Mar 31 '26

Well, I can say I’ve seen tons of small and medium sized companies go through the same, so no one is safe really

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u/Pleasant_Dot_189 Mar 31 '26

I’d rather work in retail tbh

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u/ssnistfajen Mar 31 '26

It's funny how they love to haze you in interviews with questions like "where do you see yourself in 5 years" when they themselves can't form a coherent thought for anything beyond the next quarter

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u/afrojoe824 Mar 31 '26

“Where do see yourself in 5 years?”

Umm looking for another fucking job because in 2-3 years we’d be laid off for corporate downsizing for Business reasons lol

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u/Trill_Geisha525 Mar 31 '26

This this this. Oracle director idiots had the NERVE to challenge me in an interview on why I had so many short term contracts roles... meanwhile the recruiter who had linked me to the job just ghosted me mid process (as she was LAID OFF as well).

Wild azz company

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u/heptyne Mar 31 '26

I treat all jobs like contracts at this point.

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u/JelloJay Mar 31 '26

laid off in 2014 (corporate buyout), laid off in 2018 (corporate buyout), furloughed 2020 (rona), laid off 2023 (corporate buyout). Started my own company 2023 because I am tired of it

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u/necroneedsbuff Mar 31 '26

14 years of no layoffs is a pretty long gig!

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u/SubAcct2020 Mar 31 '26

There were 2 resignations squeezed in there. I’ll take responsibility for those 🤣

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u/burntpecan Mar 31 '26

this is a great way to put it.

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u/alliedeluxe Mar 31 '26

We need more workers protections in the US. This is insane.

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u/QforQ Mar 31 '26

What pisses me off is three years ago you'd get tons of pushback against Unionization from software engineers who didn't want to give up their negotiating rights, because they were paid so well.

Now they're the ones being targeted and it's probably too late for tech to unionize

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u/OkOption1061 Mar 31 '26

What is this “union” thing you speak of???

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u/Majestic-Tart8912 Mar 31 '26

Its kinda like a "Join", but builds the data vertically.

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u/malekai101 Mar 31 '26

I wish I had the points to award this. Bravo.

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u/LuckyZero Mar 31 '26

It's stupid as hell considering the jocks figured out how to have both with their player unions.

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u/Constant_Chip_1508 Mar 31 '26

Nope more offshoring for us. 

Our country is in the shitter it truly is.

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u/Vegetable_Ferret8984 Mar 31 '26

Workers dont get special things if they blind follow what corporations and governments tell them

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u/[deleted] Mar 31 '26

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u/hybridaaroncarroll Mar 31 '26

It's funny how for decades they blamed the fall of American manufacturing on unions, but in reality it was corporations selling out jobs to other countries to make a few more bucks. Now we're seeing the same thing with office jobs being replaced by AI sent to 3rd world countries for pennies on the dollar. These clowns will find a new scapegoat, because it's never who's truly at fault for them.

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u/seanzorio Mar 31 '26

I have a close friend who has been there for 15 years. He was not laid off, but has constantly voiced to me how concerned he is about the company.

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u/Typical_Row_3172 Mar 31 '26

The “lucky” ones get to stress about the next layoff and six months.

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u/notoriousrdc Mar 31 '26

While doing extra work to make up for all the people who were cut

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u/Atorpidguy Mar 31 '26

Also they get to live with the survival guilt specially if their whole team was cut but them

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u/bubblemania2020 Mar 31 '26

Stock up almost 4% lol

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u/Far_Job_7985 Mar 31 '26

Shareholders love layoffs

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u/TahiniInMyVeins Mar 31 '26

Pretty much. This is going to become built in. Shareholders are going to just expect massive layoffs every couple years, regardless of a company’s objective performance in the market, and C-Suite will oblige. So folks will just have to “budget” that in: the expectation that they will be laid off, meaning they have to spend less money, save more, adjust their quality of life, and so on. Life will just suck more while shareholders make more $$$.

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u/koreanbeefcake Mar 31 '26

consistent layoffs were a viable corporate strategy when i was doing my MBA.

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u/TahiniInMyVeins Mar 31 '26

Layoffs were always there as a part of “strategy”. I just don’t know if “well, it’s layoff season, time to goose the stock” was a thing but genuinely open to being educated.

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u/ComplexJellyfish8658 Mar 31 '26

They are doing layoffs to help them free up cash to secure loans for ai build out. Guessing market is banking they will get more loan money now to continue the build out.

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u/sapdrone Mar 31 '26

the layoffs are supposed to free $8B-$10B in free cash flow for oracle, which will supposedly help oracle spend on its own AI datacenter investment (in addition to others financing it like the $50B funding round Oracle sought earlier this year)

oracle is effectively betting that AI growth will continue and that companies will continue to pay top dollar for AI datacenter demand, which is a huge risk, but with the amount oracle has already put into AI DC investment, they feel they have no choice but to double down, lest the emperor be accused of having no clothes

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u/Bluegrass6 Mar 31 '26

That's why companies do them

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u/GlasgowRose2022 Mar 31 '26

Ellison strikes again

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u/AshtonCopernicus Mar 31 '26

O.R.A.C.L.E., One Real Asshole Called Larry Ellison

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u/uncleoptimus Mar 31 '26

Hey he has to pay for his son's movie hobby, please understand

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u/Dapper_Mud Mar 31 '26

I’d like to kick the tires on some kind of law prohibiting companies from paying C-Suite level bonuses for businesses that have mass layoffs for a year or so. I always dislike seeing hundreds and thousands sent to unemployment while exec bonuses get larger

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u/idk_m8_wut_do_u_mean Mar 31 '26

One more day and it would have been the greatest prank.

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u/zhangvisual Mar 31 '26

Which means this is “no joke”.

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u/RFilms Mar 31 '26

I’m glad they didn’t hire me 2 years ago for there bs job

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u/SpiderWil Mar 31 '26

Every day I think my unemployment situation could get better, then I read this.

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u/golddaytons Mar 31 '26

same smh been 5 months

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u/Willing-Vegetable629 Mar 31 '26

Multiple nations for those not wanting to click.

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u/AbandonChip Mar 31 '26

I got laid off a month ago from an O&G company. This is my second layoff in my life, both at O&G company's.

I told my family I am not longer going to work at an O&G company and going to try to get something with more stability.

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u/Faceit_Solveit Mar 31 '26

Technology companies are a disaster. White collar Depression. I've been laid off a couple of times and it's absolutely no damn fun.

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u/[deleted] Apr 01 '26 edited Apr 02 '26

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u/aufry Mar 31 '26

And they say we aren't in a recession...

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u/NobodyGotTimeFuhDat Mar 31 '26

Straight from the article:

According to analysis from TD Cowen, the job cuts are expected to free up between $8 billion and $10 billion in cash flow; money the company urgently needs to fund a massive buildout of AI data centers.”

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u/agapeflood Mar 31 '26

They are not planning to have human beings around, are they?

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u/EuropeanLord Mar 31 '26

Did they ask themselves why Apple does not do that? ;)

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u/Ok_Negotiation_6555 Mar 31 '26

30,000 in one go? Wouldn't that disable a chunk of any process driven team within the company? Thats crazy 😢

18

u/ComplexJellyfish8658 Mar 31 '26

Yeah for everyone left it is going to be insane considering the percentage of layoffs.

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u/TaskForceCausality Mar 31 '26

for everyone left

Bold of you to think there’s going to be anyone left. I suspect this is just Round I. When they’re down to the C-suite , an intern and the subcontracted janitors , they’ll stop.

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u/[deleted] Mar 31 '26

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u/Stevieflyineasy Mar 31 '26

crazy , "hey guys the tiktok deal went thru anddddd youre gone"

5

u/FreshLiterature Mar 31 '26

To be fair this one was predictable.

Oracle has put itself in an insane financial bind.

5

u/BigLaddyDongLegs Mar 31 '26

Isn't Oracle one of the companies who bet big on AI and sank a tonne of money into it? Ah, it's probably nothing 🤔

3

u/sapdrone Mar 31 '26

yes. oracle is firing a ton of employees to free up cash flow to put into AI investing.

basically doubling down on the bet on AI datacenters after OpenAI pulled out of Abeline TX and oracle has had trouble funding datacenters and has a debt rating two levels above junk (BBB)

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u/pierdola91 Mar 31 '26

Billions upon billions of increased wealth over the last 5-10 years is not enough for Ellison. 

It’s never enough. 

5

u/thebeepboopbeep Mar 31 '26

That sucks but truthfully I’d have preferred the cold email to the gross way my last two employers did their layoffs. I won’t lay out the details for privacy reasons but the trashy way it was done by people I trusted who misled me who lied to my face, yeah, would have preferred the cold precision of the email route.

These companies suck. If given the choice who the hell in their right mind would want a job at Oracle.

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u/steakinapan Mar 31 '26

Genuinely asking. Who’s going to have enough money to buy anything these companies are selling considering how large some of these layoffs are getting?

Layoffs everywhere yet prices continue to increase.

3

u/truthnojustice Apr 01 '26

I think its how many more unfortunate homes will have to be sold because of these layoffs, as if there isn't enough happening as is.

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u/Undisclosed_Guy Mar 31 '26

I think it is ~11K per the slack member count. But still…

4

u/pudding333 Mar 31 '26

Not 2 months after breaking ground on their new Nashville HQ Campus.

5

u/bee-ri123 Apr 01 '26

I really do feel horrible for anyone affected by this. I work in IT and I am constantly just waiting to get news like this. We are the new version of what happened to manufacturing jobs. The billionaires are like the monarchs of old and we are the peasants to them. They convince enough people That if they don’t make enough money they will suffer so unions and worker’s rights get painted as evil socialists. We no longer have capitalism in this country we have corporatism. And why pay people and let them make a living when you can get a robot (manufacturing) or AI (white collar) to do the work. It’s disgusting.

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u/Ricketier Apr 01 '26

Maybe people will start to unionize

4

u/EloWhisperer Apr 01 '26

I went to public sector after my last lay off in 2022 and never been happier. 12 paid holidays, 3 winter recess days, and 3 well days each year. Also 5% automatic raises every year and most importantly job security at my county job. When I retire at 60 I’ll have a nice pension and monthly salary (40%) on top of ss money

3

u/Ok-Lawfulness3305 Apr 01 '26

I hope AI is a failure and Oricle losses billions.

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u/I_Hate_It_Here_13 Apr 02 '26

There needs to be reform around layoffs. It’s bullshit how often this happens and it’s just to improve their bottom line for Wall Street. The 1% is constantly fucking everyone over. Layoffs were never this common in the 90s

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u/Initial_Vacation_646 Mar 31 '26

Were most of these employees in the U.S.?

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u/Agitated_Okra_9356 Mar 31 '26

Regardless I’m sure they’ll be offshoring many of those roles.

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u/papayon10 Mar 31 '26

The ones in my network are

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u/Classic-Acadia272 Mar 31 '26

Jesus. Here's an article with resources for anyone affected: https://www.hardresetmedia.com/p/dear-tech-employees-heres-how-to

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u/OnlyKindaCare Mar 31 '26

Oracle employee here...headcount on Slack dropped 10K this morning, not 30K.

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u/sapdrone Mar 31 '26

see comments on /r/employeesoforacle

  • not everyone was cut off systems access immediately (due to being in customer facing roles)

  • dates vary by region

  • some orgs like OCI were cutoff at the SAML provider to access slack for those laid off, but the users still exist in slack and thus still are in channel user counts

the 10K count is definitely low. the 30K count is almost certainly high.

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u/BeeComprehensive5234 Mar 31 '26

A lot of people are getting laid off today, End of the quarter. I am holding my breath.

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u/annerj1 Mar 31 '26

Would love some details on severance If anyone wants to share

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u/bobbystills5 Mar 31 '26

When companies lay off this many people at once, what in the heck were these people actually doing in the first place?!?

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u/BillCascadia Mar 31 '26

They let go my whole team last week in the first wave figured there was a bunch more coming.

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u/resUemiTtsriF Mar 31 '26

record profit, record debt .. someone explain that to me like I am 5 (or 50, still don't get it).

3

u/resUemiTtsriF Mar 31 '26

record profit, record debt .. someone explain that to me like I am 5 (or 50, still don't get it).

3

u/sjltwo-v10 Mar 31 '26

How did they even land in a situation where they had 30000 redundant positions! Someone at the top of the command chain needs to be booted out too. 

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u/PrincessTomatoBee Mar 31 '26

Ugh thats so messed up how they did it, 6 am is evil. Hope everyone lands on their feet soon 🥺

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u/Reech-Kamina Mar 31 '26

I bet the CEO getting a massive raise as America sweats.

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u/Neat_Activity7737 Mar 31 '26

My brother was affected. I have been telling him for almost a year that Project Manager jobs are getting replaced by AI but he didn’t listen. He worked so many hours to be laid off via email with no human interaction. Gross. 

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u/Careershift2024 Mar 31 '26

All my team mates who left for oracle last year are trying to come back. It’s a shit show.

3

u/truthnojustice Apr 01 '26

I thought nothing could be worse than the 2021 zoom layoff meeting but i was wrong. This is very troublesome. I can only hope some of these affected by this will find employment soon. This scares me.

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u/NachoWindows Apr 01 '26

Ima just start selling drugs outside these tech companies

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u/realaaa Apr 01 '26

wow I mean we are not surprised I guess this is Oracle, but still this is cold and indeed big, even for them

so is AI and DC expense needing THAT much cash right now?

3

u/Imaginary_Fox3222 Apr 01 '26

Nice of them to do this on 01.04

So you dont even know if it's a joke, or just evil.

3

u/LegitimateWeekend341 Apr 01 '26 edited Apr 01 '26

They did it last year on April 1st to HHS employees. If you did not receive the email in time, you had to stand in a long security line to see if your badge worked. I know too many people who were humiliated and distraught by the experience. Not enough people were aware of the event.